The development objective of the Second Karnataka State Highway Improvement Project for India is to accelerate the development of the core road network through leveraging public sector outlays with private sector financing and improving the institutional...
Vea más +The development objective of the Second Karnataka State Highway Improvement Project for India is to accelerate the development of the core road network through leveraging public sector outlays with private sector financing and improving the institutional effectiveness of the road sector agencies to deliver effective and safe roads to users. The restructuring includes following changes: (a) extension of the loan closing date to December 28, 2018; (b) reallocation of loan proceeds across expenditure categories; (c) extension of the due date for two loan covenants; and (d) corresponding changes to the results framework and disbursement projections.
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